Latest Insurance Wholesale Headlines

All the headlines from our Insurance Wholesale Topic Page, ordered by recency.

Beckerman Named COO of Maritime General Agency

Jul 23 2008 // Westbrook, Connecticut-based Maritime General Agency has hired Sylvia Beckerman as chief operating officer. Beckerman’s responsibilities include daily oversight of all operational segments of MGA’s various...

Jul 7 2008 // PeopleMcQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of...

Coronado Insurance Wholesale Services Offers Construction GL Program

Jun 17 2008 // San Diego based Coronado Insurance Wholesale Services has added online features to its admitted general liability program, Freedom. Freedom online features include online quoting, underwriting, and policy issuance, ISO 12...

Program Market to Remain Vibrant in 2008

Jun 2 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability. However, several new trends emerged...

A Soft Market Solution: MGAs and Risk Sharing

Jun 2 2008 // Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents, the variables which may affect their execution, and the means and modes of analysis. The...

Survey: Program Market to Remain Vibrant in 2008

May 21 2008 // The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey...

What MGAs Should Know About Carriers’ Due Diligence for Programs

May 5 2008 // Smart program administrators know that aligning themselves with financially-strong insurance carriers can help attract good clients to their program. While the process of evaluating a program relationship takes more time...

Match-making: What Retail Agents Want From Wholesalers and MGAs

May 5 2008 // Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines wholesalers and managing general agents are thinking long-term, not short.They are looking for partners who will...

A Soft Market Solution: MGAs and Risk Sharing

May 5 2008 // Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables which may affect their execution, and the means and modes of analysis available.The...

MyNewMarkets.com Announces Two More Exchange Conferences

Apr 8 2008 // SAN DIEGO – (April 8, 2008) – Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego, California on September 4, 2008 and Dallas,...

People

Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...

Momentum Strong for Broker M&As in October, November

Jan 13 2008 // Stock Prices: Aon Corp. (NYSE:AOC) continued to outperform the sector, up a remarkable 43.1 percent year-to-date. The company reported third quarter 2007 results at the end of October. Net income increased 92 percent to...

Communication is Key When Managing Program Contracts

Dec 2 2007 // The insurance industry survives on relationships built between agents and carriers. The two parties can strive for a harmonious partnership with few problems. Yet when communications break down and there are disagreements,...

Loss Control Crucial to Program Success

Dec 2 2007 // Loss control personnel are not often thought of fondly in customers’ minds, according to Steve Anderson, portfolio executive, risk engineering for the Zurich Program Business Unit of Zurich North America. “We...

Hull & Co. Acquires McFall General Agency’s Assets

Nov 12 2007 // Hull & Co. Inc. has acquired the aseets of McFall General Agency Inc., which has offices in Portland, Ore., and Gig Harbor, Wash.Bob McFall, who founded MGA in 1981 and currently serves as president,, will remain with...

GAINSCO Closes Sale of Subsidiary to Montpelier Re

Nov 2 2007 // Dallas-based GAINSCO Inc. and subsidiary MGA Insurance Company Inc. completed a previously announced sale of an affiliated insurance subsidiary, General Agents Insurance Company of America Inc., the company...

NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating

Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...

Zurich Commercial Expands Group Captive Product

Oct 24 2007 // Zurich is now offering its group captive product to agency, association and managing general agent (MGA) captives using independently owned segregated portfolio companies.“With the segregated portfolio option we now...

Maryland’s Shore Bancshares Acquires Marine Insurance Agency, Wholesaler

Oct 2 2007 // Shore Bancshares, Inc. , parent company of three independent community banks and two retail insurance agencies serving the Delmarva peninsula, has closed two new acquisitions including a retail agency specializing in...

Lloyd’s MGA Joins China Platform

Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11.Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...